NZ dollar climbs above 79 US cts as Greek election result quells investor nerves

Mon, 18 Jun 2012

By Paul McBeth June 18 (BusinessDesk) - The New Zealand dollar rose above 79 US cents for the first time in more than a month after Greece elected parties that are likely to sign up to Europe's austerity measures. The kiwi rose to 79.29 US cents at 5pm from 78.88 cents at 8am and 78.75 cents on Friday in New York. The trade weighted index advanced to 71.47 from 70.91. Preliminary results in the Greek election gave pro-austerity parties New Democracy and Pasok 162 seats in the 300-seat Parliament, an indication the Mediterranean nation is wi...

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